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All Regions Will Get ‘Fair Share’ of Defence Windfall: Industry Minister

  • On June 11, 2025, Industry Minister Mélanie Joly unveiled a $9.3 billion initiative to strengthen Canada’s defence industry during an event held in Montreal.
  • The plan responds to challenges caused by recent U.S. tariffs, including 25-per-cent duties on Canadian-made cars and 50-per-cent steel and aluminum tariffs by President Trump.
  • Joly emphasized that Canada's automotive sector, weakened by tariffs and postponed investments like Honda's $15-billion EV project, could help meet defence goals by expanding manufacturing capacity.
  • She emphasized that the government is currently operating with a heightened focus on defence and confirmed that increased defence funding will be distributed across all regions, supporting industries beyond the military, such as aerospace and artificial intelligence.
  • The spending aims to fulfill Canada's NATO commitment to 2 percent of GDP on defence, reduce dependence on the U.S., and stimulate economic growth across multiple provinces and industries.
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Winnipeg Free PressWinnipeg Free Press
+5 Reposted by 5 other sources
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All regions will get ‘fair share’ of defence windfall: industry minister

Breaking News, Sports, Manitoba, Canada

·Winnipeg, Canada
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Toronto Sun broke the news in Toronto, Canada on Tuesday, June 10, 2025.
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